US Asset Management LLC Invests $531,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

US Asset Management LLC bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 4th quarter, HoldingsChannel reports. The firm bought 7,329 shares of the company’s stock, valued at approximately $531,000.

Other large investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC lifted its position in shares of Mondelez International by 63.9% in the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares in the last quarter. Carmel Capital Partners LLC acquired a new position in shares of Mondelez International in the third quarter worth $28,000. First Command Advisory Services Inc. purchased a new stake in shares of Mondelez International during the third quarter worth $29,000. HHM Wealth Advisors LLC acquired a new stake in Mondelez International during the fourth quarter valued at $29,000. Finally, Orion Capital Management LLC purchased a new position in Mondelez International in the third quarter valued at about $35,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Stifel Nicolaus upped their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Sanford C. Bernstein raised their target price on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Barclays decreased their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Citigroup cut their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $80.75.

Mondelez International Stock Up 1.3 %

Shares of NASDAQ:MDLZ traded up $0.94 during midday trading on Friday, reaching $71.14. The company had a trading volume of 2,574,109 shares, compared to its average volume of 7,815,891. The business’s 50 day moving average price is $69.98 and its 200 day moving average price is $71.09. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $78.54. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The stock has a market cap of $95.79 billion, a PE ratio of 22.37, a P/E/G ratio of 2.47 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 EPS. Research analysts forecast that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.